Category Archives: Bridge Loan


Nov

29

2016
Seattle Condo Fix & Flip

Seattle Condo Fix & Flip

If you are considering getting into real estate investing, making the decision to “go for it” isn’t always easy. For many, it’s all about focusing on that first single step – don’t worry about the whole staircase! You don’t need to be an expert in real estate investing when you do your first deal. Recognizing the value of focusing on one step at a time…

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Aug

27

2013

Central Area Fix & Flip Loan

LOAN AMOUNT: $190,000FINAL SALES PRICE: $625,000LOAN DATE: March 2013 to August 2013LOCATION: Central Area, Seattle- King County ResidentialLOAN TYPE: Bridge Loan, 6 Month TermDETAILS: This property was purchased for $380,000 by an experienced Veristone real estate investor.  This property boasts 2100+ square feet and went through a “studs-out” remodel.  The house received modern finishes with bamboo floors, modern style hardi-siding, quartz counters, stainless, steel railings,…

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Jul

29

2013

Auburn Fixer Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $129,000FINAL SALES PRICE: $217,300LOAN DATE: March 2013 to June 2013LOCATION: Auburn, King County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month TermDETAILS: The borrower on this loan is an experienced real estate investor and real estate agent.  She purchased the property in March for $126,000 and performed a $30,000 remodel on this 1500 sq foot Auburn rambler.  The final product…

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Jul

09

2013

Edmonds Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $272,000FINAL SALES PRICE: $524,950LOAN DATE: November 2012 to June 2013LOCATION: Edmonds, Snohomish County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month TermDETAILS:  The borrowers on this Edmonds flip are experienced auction professionals.  The borrowers purchased this property at the Snohomish County foreclosure auction in October 2012 for $251,000.  They then refinanced into a Veristone Fix & Flip Loan in November 2012…

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Jun

25

2013

Federal Way Fix & Flip Loan

VERISTONE DEALSHEET LOAN AMOUNT: $213,000FINAL SALES PRICE: $455,100LOAN DATE: January 2013 to June 2013LOCATION: Federal Way, Marine Hills, King County- ResidentialLOAN TYPE: Fix & Flip Loan, 6 Month Term, $25,000 Construction HoldbackDETAILS:  This is an outstanding story of a 1966 property with sound views in the Redondo Highlands receiving modern updates.  New interior and exterior paint, private upper level master suite, modern kitchen and baths,…

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Jun

24

2013

Capitol Hill Fixer Loan

VERISTONE DEAL SHEET LOAN AMOUNT: $660,000FINAL SALES VALUE: $1,150,000LOAN START DATE: May 2013LOCATION: Capitol Hill, Seattle, King County WashingtonLOAN TYPE: Fix & Flip Loan, 7-Month Term DETAILS: In May, we were pleased to lend on a grand vintage home in Capitol Hill boasting over 2900 square feet.  This historic house sits on a corner lot with partial lake views and still carries periodic details intact. …

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May

14

2013

Maple Valley Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $126,000 FINAL SALES PRICE: $228,000 LOAN DATE: December 14th, 2012 to April 1st, 2013 LOCATION: Maple Valley, King County- Residential LOAN TYPE: Auction Loan, 9 Month Term DETAILS: Our Veristone Capital borrower obtained the subject property at the King County foreclosure auction in December 2012 for $144,000.  The borrower is an experienced real estate investor who partnered with Skyline Properties and…

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May

07

2013

Tacoma Auction Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $137,000FINAL SALES PRICE: $225,000LOAN DATE: November 2012 thru April 2013LOCATION: Tacoma, Pierce County- ResidentialLOAN TYPE: Auction Loan, 12 month termDETAILS:  The subject property was one of almost 50 auction deals funded by Veristone Capital in 2012.  The property was purchased last November for $157,000 and was updated during the Holiday season with new carpet, new paint, and a refreshed kitchen. …

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May

01

2013

West Bellevue Auction Loan

VERISTONE DEALSHEET LOAN AMOUNT: $585,000HOUSE VALUE: $800,000 estimatedLOAN DATE: March 1st, 2013 through April 26th, 2013LOCATION: Bellevue, King County- ResidentialTYPE: Auction Loan- 12 Month TermDETAILS: Veristone Capital partnered with John L. Scott Foreclosure Services to acquire a rare view property in one of the premier Seattle neighborhood’s- West Bellevue, near Meydenbauer Bay.  The subject property boasts 1930 square feet with lake views.  The property was…

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Apr

23

2013

West Seattle Fix & Flip Loan

VERISTONE DEALSHEET LOAN AMOUNT: $296,000FINAL SALES PRICE: $534,000LOAN DATE: June 2012 to April 2013LOCATION:  West SeattleTYPE: Fix & Flip Loan- 6 Month Term with 3 Month Extension OptionDETAILS:  The subject property is a 1928 Tudor boasting 2350 square feet.  This property sits on a spectacular street and went under a complete permitted remodel with aid of an architect.  The borrower in an experienced real estate…

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